Today: November 27, 2015, 2:46 pm

Montenegro insurance market: Life segment accounted for 14.1% during 2012
The Insurance Industry in Montenegro, Key Trends and Opportunities to 2017 - a new market research report on 2014-03-31 03:13:02
Montenegro´s insurance industry has been subject to significant changes due to uneven economic growth and development over the last decade. Being less developed than other European insurance industries, its exposure to the global financial crisis was relatively low. Unlike countries with developed insurance industries where the life segment is dominant, Montenegro´s insurance industry is led by the general, or non-life, and personal accident and health segments, which together accounted for 85.9% of the gross written premium in 2012.

The life segment accounted for 14.1% of the total written premium in 2012, although its share has improved significantly since 2003 when it accounted for 4.6%. The Montenegrin life segment grew at a much faster CAGR of 6.9%, than the other two segments during the review period.

During the last decade, Montenegro´s insurance industry recorded uneven growth, although it was not exposed to the financial crisis of 2008 due to its relative under development. The Montenegrin insurance industry is still in its developmental stages, with only 13 operational companies.

The distribution of insurance products in Montenegro is primarily managed by insurance brokers and agencies. In terms of gross written premium, the Montenegrin insurance industry was led by motor insurance in 2012 with an industry share of 55.5%, followed by property and individual life insurance with 12.0% and 11.8% shares respectively. The industry is highly concentrated and the five leading insurance companies accounted for 90.3% of the total written premium in 2011.

Click for report details: ..

Browse all Finance and Banking Market Research Reports ..

Browse all Finance and Banking Company Profile Reports ..

Browse all Latest Market Research Reports ..

About Us is a leading online business information aggregator with over 300,000 market reports and company profiles available to our clients. Our extensive range of reports are sourced from the leading publishers of business information and provide clients with the widest range of information available. In terms of company profiles,’s online database allows clients access to market and corporate information to over 100,000 different companies. We provide clients with a fully indexed database of information where clients can find specific market reports on their niche industry sectors of interest.

Press Information

Published by
Mike King
London: +44 (0) 203 086 8600

# 440 Words
Related Articles
More From Finance
USGFX Anticipates A Rise In Forex Trading [..]
The Shanghai Composite Index has been volatile and at one stage dropped more than 30% from its June 12 peak, [..]
Credit-Yogi Recommends Reputable Debt Solution Companies To [..]
Many people who have poor credit don’t know what to do about it. They realize that their bad credit prevents [..]
Credit-Yogi Reveals Special Considerations for Military Members [..]
No one wants to have their vehicle taken back by their banks. It’s a source of stress for the individual [..]
Credit-Yogi Teaches Consumers How To Use HAMP [..]
Be Prepared to Utilize HAMP Lenders do not like to help borrowers prevent foreclosure by accessing the Obama loan modification [..]
Credit-Yogi Informs Military Members Facing Auto Repossession [..]
No one wants to have their vehicle taken back by their banks. It’s a source of stress for the individual [..]

Disclaimer: If you have any questions regarding information in this press release please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims the content included in this release.